> 2024-25 TAX LEVY
As part of the budget adoption, the 2024-25 school tax levy has been set at $11,111,477, which is the same as last year. The levy includes $1.1 million to defease (prepay) long-term debt, which will lower interest costs and provide levy stability going forward.
While the school tax levy is the largest single portion of your property tax bill, it is not the majority. Your property tax bill is impacted by the other taxing districts (village, county, MATC, and MMSD) as well as the change in your property value relative to others.
Note that the 2024-25 tax levy is lower than when after passage of the 2018 $25.9 million capital referendum.
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